About Ingersoll Rand India Limited

Ingersoll Rand India Limited is a leading manufacturer of air compressors and provider of related services in India, with operations focused on the Air Solutions business and a legacy dating back to 1921 as reflected by its 103rd Annual Report for FY 2024–25. The company manufactures rotary oil-flooded and oil-free screw compressors, centrifugal plant air systems, and air treatment equipment such as desiccant dryers, alongside services including IT-enabled support and digital compressed air management solutions like Ecoplant for energy optimisation. It operates a manufacturing facility at Naroda, Ahmedabad, with a new greenfield plant at Sanand II (GIDC) under construction to expand capacity by 50% from 10,000 to 15,000 units per month, targeted to commence in Q2 FY 2025–26. The registered office is in Bengaluru with regional presence across major metros; the company’s equity shares are listed on BSE and NSE. Ingersoll-Rand Industrial US Inc. holds 75% of the equity and is the holding company; the company has no subsidiaries, associates, or joint ventures. Key milestones in FY 2024–25 include double-digit growth in revenue, strong profitability, continued investment in technology innovation, and steady progress on the Sanand plant.

Ingersoll Rand India Limited Business Segment

• Reportable segments: Air Solutions is the only segment; gross revenue from operations was Rs 1,336.29 crore in FY 2024–25 versus Rs 1,198.13 crore in FY 2023–24, up over 11.5%.

• Domestic vs. international revenue:
  • India — Rs 1,007.83 crore (75.4%)

  • International — Rs 221.30 crore (16.6%)

  • Sale of services and other operational revenue — Rs 107.15 crore (8.0%) combined; these are operational but not split by geography in the disclosure.

Ingersoll Rand India Limited Key Management

• Sekhar Natarajan — Chairman

• Sunil Khanduja — Managing Director (appointed as MD effective November 12, 2024; Whole-time Director since November 8, 2023)

• P. R. Shubhakar — Chief Financial Officer and Company Secretary

• Jayantika Dave — Director (Independent, Non-Executive)

• Vijaya Sampath — Director (Independent, Non-Executive)

• Gareth Topping — Director (Non-Executive, Non-Independent; appointed November 12, 2024)

Latest Updates on Ingersoll Rand India Limited

• Capacity expansion: Second factory at Sanand approved at about Rs 1,700.00 crore capex; construction progressing with approvals (Site Master Plan and GPCB Consent to Establish) and expected operational start in Q2 FY 2025–26.

• Product and technology launches: Introduced best-efficiency rotary screw compressors in 15–22 kW and 90–160 kW ranges; upgraded CC700 centrifugal model; expanded heat-of-compression desiccant dryers and localised heated blower desiccant dryers; launched Ecoplant digital compressed air management for energy savings.

• Financial highlights FY 2024–25: Revenue from operations Rs 13,362.94 crore; Profit before tax Rs 3,603.45 crore (26.97% of revenue); Total comprehensive income Rs 2,649.56 crore (19.83% of revenue); continued debt-free status.

• Governance and appointments: Appointment of Sunil Khanduja as Managing Director and Gareth Topping as Director approved by shareholders on February 4, 2025; appointment of Secretarial Auditor (Mr. Natesh K) recommended for FY 2025–26 to FY 2029–30; cost auditor (Ms. Diwanji & Co.) appointed for FY 2025–26 remuneration ratification.

• Related party framework: Seeking shareholder approval for material related party transactions with Ingersoll-Rand Industrial US Inc. up to Rs 200.00 crore in FY 2025–26; FY 2024–25 exports to the holding company were Rs 1,270.91 crore.